I want to argue that highstakes pvp is more valuable if it takes longer to acquire said items, but nonetheless if you can build from your few hours work to get better gear, I'd say this is a great pvp server idea with a nice twist of FAST.
I'd like to recommend Crushbone as one of the 8 zones. It has an indoor castle, lots of moats and rivers for levitation, and great outdoor spots. It's a great arena type zone for all classes and I've always wanted to see it in some high level action pvp.